If we get rid of Scotland

[Batcher]

Gosh you all are away with the fairies.

You do realise that there is a general election in May 2015? Any English MP who answers on the doorstep they would allow a currency union will not get elected.

They won't answer yes to allowing a CU on the doorstep and that will probably will be as truthful as they can be. It will be down to the negotiating teams to decide. It's not as if MPs discard promises they have made on the doorstep anyway

[original PM]

Wow you do have a chip on your shoulder.
You should try getting out more and talking to real people. There are plenty of independent school and public school teachers around who could explain the backgrounds of their kids.

Nah not really just get bored of people saying person x is better than person y because they speak with a different accent.

Actions not accents define people.

[JustinTime]

It's not about %'s it's either independence or not. I actually predict 60% Yes. Capital flight is a scare story it isn't happening now, and won't happen on a yes vote. BOE still stands behind Scotland until the negotiations have been completed when there will be a currency union or we will be debt free (without a default).

Capital Flight: Yes it is; I've moved all my liquid, and near liquid, assets out of scotland (sic) this week.
I know of several others who have done the same. I now only maintain a scottish (sic) bank account to service scottish (sic) commitments.

Cheerio.

[Unix]

Capital Flight: Yes it is; I've moved all my liquid, and near liquid, assets out of scotland (sic) this week.
I know of several others who have done the same. I now only maintain a scottish (sic) bank account to service scottish (sic) commitments.

Cheerio.

Im sure Scotland can survive £52.36 withdrawl from its banks.

[JustinTime]

Im sure Scotland can survive £52.36 withdrawl from its banks.

This week 'mibbies aye'; next week 'mibbies aw-naw!'.

[Old Greg]

Im (sic) sure Scotland can survive £52.36 withdrawl (sic) from its banks.

What do you estimate is the total capital flight that Scotland can afford from its banks?

[jemb]

What do you estimate is the total capital flight that Scotland can afford from its banks?

It's more of a case of perception. Sterling is sterling so a flight is meaningless in the near term. If banks start to ring fence cash in RUK accounts then Scottish debt appears to look a bit toxic.
A CU isn't going to happen; in the event of a Yes vote it will be announced by the treasury within a few days as a means of calming the markets and giving clarity to the RUK economy.

All a bit sh1t really.

[Batcher]

Nah not really just get bored of people saying person x is better than person y because they speak with a different accent.

Actions not accents define people.

Come north young man. You will fit in well in an independent Scotland

[Batcher]

Capital Flight: Yes it is; I've moved all my liquid, and near liquid, assets out of scotland (sic) this week.
I know of several others who have done the same. I now only maintain a scottish (sic) bank account to service scottish (sic) commitments.

Cheerio.

[Old Greg]

It's more of a case of perception. Sterling is sterling so a flight is meaningless in the near term. If banks start to ring fence cash in RUK accounts then Scottish debt appears to look a bit toxic.
A CU isn't going to happen; in the event of a Yes vote it will be announced by the treasury within a few days as a means of calming the markets and giving clarity to the RUK economy.

All a bit sh1t really.

Flight within the current UK is entirely possible (but certainly far from inevitable). When savers took their money out of Northern Rock, it was to put it in other UK banks. It is about perception, and the risk is that despite panic being irrational for a group of savers, panicking first can be entirely rational for an individual saver, causing liquidity problems for an otherwise solvent bank.